Suraj Estate Developers Q2 results: Profit down 30%

Realty firm Suraj Estate Developers Ltd on Saturday reported a 30 per cent decline in consolidated net profit to ₹23.06 crore for the September quarter on higher expenses.

Total income rose to 171.08 crore in the second quarter of this fiscal year from ₹145.42 crore in the corresponding period of the preceding year, according to a regulatory filing.

The expenses rose to ₹140.12 crore from ₹101.33 crore during the period under review.

Mumbai-based Suraj Estate Developers Ltd is one of the leading realty firms in the country.

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